Time and WIP
Capture fee-earner work and disbursements, then distinguish unbilled WIP from issued invoices and collected cash.
- Time entries
- Disbursements
- Unbilled WIP
Law Firm Accounting
Law Firm Accounting Software for Connected Financial Operations
Connect time, WIP, invoicing, debtors, payments, suppliers, business accounting, and trust-account workflows while preserving the distinctions that legal practices must not blur.
WIP visibility Debtor control Ledger separation Reconciliation evidence
Financial Operations
See the work, the bill, the balance, and the evidence.
A law-firm finance system should connect operational activity to accounting records without treating WIP, debtors, trust creditors, and cash as interchangeable.
Billing and debtors
Move reviewed work into invoicing and debtor follow-up with the matter and client context preserved.
- Draft review
- Issued invoices
- Debtor ageing
Business accounting
Keep business income, expenses, suppliers, banking, journals, and reporting separate from trust money.
- General ledger
- Banking records
- Supplier control
Trust accounting
Support client-by-client trust records, bank reconciliation, transfer controls, and exception review without claiming automatic compliance.
- Trust creditors
- Reconciliation
- Transfer evidence
Finance Flow
From recorded work to reconciled financial records.
Each step should preserve who acted, what changed, and which underlying matter or client authorised it.
Record work
Capture authorised time, fees, and disbursements against the correct matter and person.
Review WIP
Check narratives, rates, tax treatment, fee arrangements, and write-offs before billing.
Issue and collect
Create approved invoices, allocate receipts, and monitor outstanding debtor balances.
Reconcile and report
Reconcile banking and ledgers, investigate variances, and preserve review evidence.
Accounting Discipline
Financial visibility without category confusion.
The system should keep legally and operationally distinct balances distinguishable at every stage.
Money held for a client is not a practice asset and must not be presented as business income.
Unbilled work differs from an issued invoice, and both differ from a collected receipt.
Trust-to-business movements should follow validated source balances, approvals, and the firm's applicable policy.
The firm, its practitioners, bookkeepers, auditors, and advisers retain their respective duties.
Law Firm Accounting FAQ
Frequently Asked Questions
Questions about WIP, debtors, business accounting, trust accounting, and financial control.
Is WIP the same as money owed by a client?
No. WIP is work recorded but not yet billed. A debtor generally arises after an invoice is issued, subject to the firm's accounting policy and professional advice.
Can business and trust transactions share one ledger?
They must remain readily distinguishable. Trust money, client balances, and business transactions have different legal and accounting treatment.
Does Lexuno guarantee trust-account compliance?
No. Lexuno can support workflows and evidence, but compliance depends on law, current rules, firm policy, correct configuration, authorised use, reconciliations, and professional oversight.
Can financial data be migrated without reconciliation?
It should not be accepted as production truth without record counts, mapping evidence, exceptions, balance checks, and responsible sign-off.
Does Lexuno provide accounting or tax advice?
No. Lexuno provides software. Firms should obtain suitable accounting, tax, audit, and legal advice for their circumstances.
Connect legal work to the financial record behind it.
Explore Lexuno's billing and trust workspaces or discuss your firm's finance operating model.